What is GE Aerospace's earnings per share (EPS)?

GE Aerospace (GE) reported diluted earnings per share of $8.14 for fiscal year 2025. This represents a 35.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

GE Aerospace Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows GE Aerospace (GE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GE FY2025 2026-04-22

GE Aerospace’s earnings model now works like a low-capex cash machine, while buybacks keep balance-sheet slack limited.

From FY2024 to FY2025, free cash flow jumped from $3.7B to $7.3B even though capital spending remained relatively light, which suggests the improvement came from better cash conversion rather than simply spending less to maintain the business. Yet cash still fell to $12.4B because buybacks reached $7.6B, so stronger operations were being recycled back to shareholders instead of building liquidity.

Return on equity hit 46.6% in FY2025 on an equity base of just $18.7B, after two years in which repurchases and other balance-sheet changes kept book equity compressed rather than rebuilt by retained earnings alone. That means ROE is being helped by a smaller denominator; the business is more profitable, but return on assets at 6.7% gives the cleaner read on operating earning power.

Liquidity has less spare room than the income statement implies for a company of this scale: the current ratio eased toward 1.0x while inventory rose to $11.9B. With debt to equity at 1.1x and cash down to $12.4B, this looks like a company set up to keep cash moving through the system, not to hold a large idle cushion.

Financial Health Signals

Financial Profile 52/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of GE Aerospace's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

GE Aerospace's revenue surged 18.5% year-over-year to $45.9B, reflecting rapid business expansion. This strong growth earns a score of 56/100.

Leverage

GE Aerospace carries a low D/E ratio of 1.10, meaning only $1.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

GE Aerospace's current ratio of 1.04 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

GE Aerospace has a free cash flow margin of 15.8%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

GE Aerospace earns a strong 46.6% return on equity (ROE), meaning it generates $47 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 33.9% the prior year.

Piotroski F-Score Neutral

5/9

GE Aerospace passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.98x

For every $1 of reported earnings, GE Aerospace generates $0.98 in operating cash flow ($8.5B OCF vs $8.7B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$45.9B

YoY+18.5%

5Y CAGR-4.6%

10Y CAGR-9.0%

GE Aerospace generated $45.9B in revenue in fiscal year 2025. This represents an increase of 18.5% from the prior year.

EBITDA

N/A

Net Income

$8.7B

YoY+32.8%

5Y CAGR+8.8%

GE Aerospace reported $8.7B in net income in fiscal year 2025. This represents an increase of 32.8% from the prior year.

EPS (Diluted)

$8.14

YoY+35.9%

GE Aerospace earned $8.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$7.3B

YoY+97.5%

5Y CAGR+28.3%

10Y CAGR-5.3%

GE Aerospace generated $7.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 97.5% from the prior year.

Cash & Debt

$12.4B

YoY-9.0%

5Y CAGR-19.4%

10Y CAGR-16.0%

GE Aerospace held $12.4B in cash against $20.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.44

YoY+28.6%

GE Aerospace paid $1.44 per share in dividends in fiscal year 2025. This represents an increase of 28.6% from the prior year.

Shares Outstanding

1.05B

YoY-2.3%

GE Aerospace had 1.05B shares outstanding in fiscal year 2025. This represents a decrease of 2.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

19.0%

YoY+2.0pp

5Y CAGR+9.2pp

10Y CAGR+24.2pp

GE Aerospace's net profit margin was 19.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

46.6%

YoY+12.7pp

5Y CAGR+30.6pp

10Y CAGR+52.8pp

GE Aerospace's ROE was 46.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.6B

YoY+22.9%

5Y CAGR-1.7%

10Y CAGR-11.4%

GE Aerospace invested $1.6B in research and development in fiscal year 2025. This represents an increase of 22.9% from the prior year.

Share Buybacks

$7.6B

YoY+29.6%

5Y CAGR+206.3%

GE Aerospace spent $7.6B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 29.6% from the prior year.

Capital Expenditures

$1.3B

YoY+23.4%

5Y CAGR-0.8%

10Y CAGR-16.0%

GE Aerospace invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.4% from the prior year.

GE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$45.9B+18.5%	$38.7B+9.5%	$35.3B+21.3%	$29.1B-48.4%	$56.5B-2.7%	$58.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$60.4B
Gross Profit	N/A	N/A	N/A	N/A	N/A	-$2.4B
R&D Expenses	$1.6B+22.9%	$1.3B+27.2%	$1.0B+25.1%	$808.0M-52.0%	$1.7B-2.2%	$1.7B
SG&A Expenses	$4.1B-7.9%	$4.4B+9.7%	$4.0B+10.2%	$3.7B-55.1%	$8.2B-11.6%	$9.2B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.4B+46.0%	$962.0M-3.2%	$994.0M+488.2%	$169.0M+122.3%	-$757.0M+65.1%	-$2.2B
Net Income	$8.7B+32.8%	$6.6B-30.9%	$9.5B+2722.0%	$336.0M+105.3%	-$6.3B-211.1%	$5.7B
EPS (Diluted)	$8.14+35.9%	$5.99-28.3%	$8.36+16620.0%	$0.05+100.8%	$-6.00	$4.64

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$12.4B-2.5%	$12.7B+4.4%	$12.2B+10.5%	$11.0B+11.0%	$9.9B-8.1%	$10.8B+9.9%	$9.8B+8.2%	$9.1B
Cost of Revenue	$3.3B	N/A	N/A	N/A	N/A	$6.8B+8.6%	$6.2B+11.7%	$5.6B
Gross Profit	$130.0M	N/A	N/A	N/A	N/A	$4.1B+12.0%	$3.6B+2.7%	$3.5B
R&D Expenses	$440.0M-1.6%	$447.0M+7.7%	$415.0M+15.6%	$359.0M0.0%	$359.0M	N/A	$331.0M+10.3%	$300.0M
SG&A Expenses	$1.1B+8.7%	$997.0M-16.6%	$1.2B+17.2%	$1.0B+16.4%	$876.0M	N/A	$1.3B+43.9%	$924.0M
Operating Income	$2.4B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$252.0M-35.4%	$390.0M+13.4%	$344.0M-11.3%	$388.0M+37.1%	$283.0M	N/A	$198.0M+58.4%	$125.0M
Net Income	$1.9B-25.1%	$2.5B+17.8%	$2.2B+6.4%	$2.0B+2.5%	$2.0B+4.2%	$1.9B+2.5%	$1.9B+46.3%	$1.3B
EPS (Diluted)	$1.81	N/A	$2.02+6.9%	$1.89+3.3%	$1.83+4.6%	$1.75+2.9%	$1.70+47.8%	$1.15

GE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$130.2B+5.7%	$123.1B-28.9%	$173.3B-8.2%	$188.9B-8.0%	$205.4B-19.8%	$256.2B
Current Assets	$40.6B+7.9%	$37.6B-11.6%	$42.6B-27.1%	$58.4B-2.5%	$59.9B-29.4%	$84.9B
Cash & Equivalents	$12.4B-9.0%	$13.6B-10.4%	$15.2B-3.8%	$15.8B+4.2%	$15.2B-58.5%	$36.5B
Inventory	$11.9B+21.6%	$9.8B+17.9%	$8.3B-44.4%	$14.9B+10.0%	$13.5B-14.8%	$15.9B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$16.7B
Goodwill	$9.1B+6.1%	$8.5B-4.6%	$8.9B+1.3%	$8.8B-33.6%	$13.3B-2.7%	$13.7B
Total Liabilities	$111.3B+7.4%	$103.6B-28.4%	$144.7B-6.0%	$153.9B-10.5%	$172.0B-21.5%	$219.1B
Current Liabilities	$39.0B+13.3%	$34.4B+7.1%	$32.1B-35.1%	$49.4B+9.2%	$45.3B-17.1%	$54.6B
Long-Term Debt	$20.5B+6.2%	$19.3B-7.6%	$20.9B+2.7%	$20.3B-34.0%	$30.8B-56.1%	$70.2B
Total Equity	$18.7B-3.4%	$19.3B-29.4%	$27.4B-18.7%	$33.7B+5.2%	$32.0B-9.9%	$35.6B
Retained Earnings	$87.7B+8.9%	$80.5B-7.0%	$86.6B+4.3%	$83.0B-0.4%	$83.3B-9.7%	$92.2B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$128.4B-1.3%	$130.2B+1.5%	$128.2B+2.4%	$125.3B+0.9%	$124.1B+0.8%	$123.1B-2.8%	$126.7B+2.8%	$123.2B
Current Assets	$40.4B-0.6%	$40.6B+1.3%	$40.1B+6.0%	$37.8B+0.6%	$37.6B-0.2%	$37.6B-2.6%	$38.6B+3.5%	$37.4B
Cash & Equivalents	$11.0B-11.4%	$12.4B-0.9%	$12.5B+15.1%	$10.9B-12.4%	$12.4B-8.9%	$13.6B-0.8%	$13.7B+13.4%	$12.1B
Inventory	$12.4B+4.2%	$11.9B+1.7%	$11.7B+3.3%	$11.3B+7.5%	$10.5B+7.6%	$9.8B+0.5%	$9.7B+2.6%	$9.5B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$9.0B-0.6%	$9.1B+0.2%	$9.0B+0.4%	$9.0B+3.6%	$8.7B+1.9%	$8.5B-2.5%	$8.8B-1.2%	$8.9B
Total Liabilities	$110.1B-1.0%	$111.3B+1.9%	$109.2B+3.1%	$105.9B+1.2%	$104.7B+1.0%	$103.6B-3.7%	$107.6B+3.1%	$104.3B
Current Liabilities	$40.0B+2.7%	$39.0B+4.8%	$37.2B+2.0%	$36.5B+4.4%	$34.9B+1.6%	$34.4B+0.9%	$34.1B+4.1%	$32.8B
Long-Term Debt	$18.2B-11.2%	$20.5B+9.0%	$18.8B+10.4%	$17.0B-2.8%	$17.5B-9.3%	$19.3B+5.7%	$18.2B+1.5%	$18.0B
Total Equity	$18.1B-3.3%	$18.7B-0.7%	$18.8B-1.7%	$19.1B-0.6%	$19.3B-0.5%	$19.3B+2.5%	$18.9B+1.5%	$18.6B
Retained Earnings	$89.1B+1.6%	$87.7B+2.5%	$85.5B+2.1%	$83.7B+2.0%	$82.1B+2.0%	$80.5B+2.0%	$78.9B+2.0%	$77.3B

GE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.5B+81.3%	$4.7B-9.2%	$5.2B-12.3%	$5.9B+70.0%	$3.5B+2.1%	$3.4B
Capital Expenditures	$1.3B+23.4%	$1.0B+19.7%	$862.0M-18.8%	$1.1B+5.4%	$1.0B-23.9%	$1.3B
Free Cash Flow	$7.3B+97.5%	$3.7B-15.0%	$4.3B-10.9%	$4.9B+96.3%	$2.5B+18.5%	$2.1B
Investing Cash Flow	-$1.2B+30.8%	-$1.7B-142.0%	$4.0B+74.8%	$2.3B-89.4%	$21.4B+25.3%	$17.1B
Financing Cash Flow	-$8.7B-29.1%	-$6.7B+21.9%	-$8.6B-54.2%	-$5.6B+87.7%	-$45.4B-126.0%	-$20.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$7.6B+29.6%	$5.8B+372.6%	$1.2B+17.7%	$1.0B+879.4%	$107.0M+282.1%	$28.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.8B-20.1%	$2.3B-8.8%	$2.5B+11.4%	$2.2B+48.8%	$1.5B+16.3%	$1.3B-14.0%	$1.5B+65.5%	$911.0M
Capital Expenditures	$331.0M-23.2%	$431.0M+40.4%	$307.0M-6.1%	$327.0M+57.2%	$208.0M-22.1%	$267.0M+0.4%	$266.0M-9.8%	$295.0M
Free Cash Flow	$1.5B-19.4%	$1.9B-15.7%	$2.2B+14.3%	$1.9B+47.5%	$1.3B+26.3%	$1.0B-17.1%	$1.2B+101.6%	$616.0M
Investing Cash Flow	-$919.0M-401.3%	$305.0M+150.3%	-$606.0M-13.3%	-$535.0M-68.8%	-$317.0M-198.8%	$321.0M-78.5%	$1.5B+134.8%	-$4.3B
Financing Cash Flow	-$2.8B-0.2%	-$2.8B-672.1%	-$366.0M+88.6%	-$3.2B-40.4%	-$2.3B-5.0%	-$2.2B-49.1%	-$1.5B+49.5%	-$2.9B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.4B+20.1%	$2.0B+8.3%	$1.8B+5.7%	$1.7B-11.2%	$2.0B+17.8%	$1.7B+8.6%	$1.5B-33.2%	$2.3B

GE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	-4.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.0%+2.0pp	16.9%-9.9pp	26.8%+25.7pp	1.1%+12.4pp	-11.2%-21.1pp	9.8%
Return on Equity	46.6%+12.7pp	33.9%-0.7pp	34.6%+33.6pp	1.0%+20.8pp	-19.8%-35.8pp	16.0%
Return on Assets	6.7%+1.4pp	5.3%-0.2pp	5.5%+5.3pp	0.2%+3.3pp	-3.1%-5.3pp	2.2%
Current Ratio	1.04-0.1	1.09-0.2	1.33+0.1	1.18-0.1	1.32-0.2	1.55
Debt-to-Equity	1.10+0.1	1.00+0.2	0.76+0.2	0.60-0.4	0.96-1.0	1.97
FCF Margin	15.8%+6.3pp	9.5%-2.7pp	12.2%-4.4pp	16.7%+12.3pp	4.4%+0.8pp	3.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	1.1%	N/A	N/A	N/A	N/A	37.5%+0.7pp	36.7%-2.0pp	38.7%
Operating Margin	19.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.4%-4.6pp	20.0%+2.3pp	17.7%-0.7pp	18.4%-1.5pp	19.9%+2.3pp	17.6%-1.3pp	18.8%+4.9pp	13.9%
Return on Equity	10.5%-3.1pp	13.6%+2.1pp	11.5%+0.9pp	10.6%+0.3pp	10.3%+0.5pp	9.8%0.0pp	9.8%+3.0pp	6.8%
Return on Assets	1.5%-0.5pp	1.9%+0.3pp	1.7%+0.1pp	1.6%+0.0pp	1.6%+0.1pp	1.5%+0.1pp	1.5%+0.4pp	1.0%
Current Ratio	1.01-0.0	1.04-0.0	1.08+0.0	1.04-0.0	1.08-0.0	1.09-0.0	1.130.0	1.14
Debt-to-Equity	1.01-0.1	1.10+0.1	1.00+0.1	0.89-0.0	0.91-0.1	1.00+0.0	0.970.0	0.97
FCF Margin	12.0%-2.5pp	14.5%-3.5pp	18.0%+0.6pp	17.4%+4.3pp	13.1%+3.6pp	9.5%-3.1pp	12.6%+5.9pp	6.8%

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Frequently Asked Questions

What is GE Aerospace's annual revenue?

GE Aerospace (GE) reported $45.9B in total revenue for fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GE Aerospace's revenue growing?

GE Aerospace (GE) revenue grew by 18.5% year-over-year, from $38.7B to $45.9B in fiscal year 2025.

Is GE Aerospace profitable?

Yes, GE Aerospace (GE) reported a net income of $8.7B in fiscal year 2025, with a net profit margin of 19.0%.

How much debt does GE Aerospace have?

As of fiscal year 2025, GE Aerospace (GE) had $12.4B in cash and equivalents against $20.5B in long-term debt.

What is GE Aerospace's net profit margin?

GE Aerospace (GE) had a net profit margin of 19.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does GE Aerospace pay dividends?

Yes, GE Aerospace (GE) paid $1.44 per share in dividends during fiscal year 2025.

What is GE Aerospace's return on equity (ROE)?

GE Aerospace (GE) has a return on equity of 46.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is GE Aerospace's free cash flow?

GE Aerospace (GE) generated $7.3B in free cash flow during fiscal year 2025. This represents a 97.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is GE Aerospace's operating cash flow?

GE Aerospace (GE) generated $8.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are GE Aerospace's total assets?

GE Aerospace (GE) had $130.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are GE Aerospace's capital expenditures?

GE Aerospace (GE) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does GE Aerospace spend on research and development?

GE Aerospace (GE) invested $1.6B in research and development during fiscal year 2025.

Does GE Aerospace buy back shares?

Yes, GE Aerospace (GE) spent $7.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does GE Aerospace have outstanding?

GE Aerospace (GE) had 1.05B shares outstanding as of fiscal year 2025.

What is GE Aerospace's current ratio?

GE Aerospace (GE) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is GE Aerospace's debt-to-equity ratio?

GE Aerospace (GE) had a debt-to-equity ratio of 1.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GE Aerospace's return on assets (ROA)?

GE Aerospace (GE) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is GE Aerospace's Piotroski F-Score?

GE Aerospace (GE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GE Aerospace's earnings high quality?

GE Aerospace (GE) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is GE Aerospace?

GE Aerospace (GE) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.